AMD (NASDAQ:AMD) stock is up over 2x this year and more than 4x in the last twelve months.
AMD stock is up over 2x this year and more than 4x in the last twelve months
The driver is simple: the AI build-out is enormous – and which company, big or small, or which government, rich or poor, doesn’t want to own a piece of it? AMD doesn’t need to beat Nvidia to win. It just needs to be the credible second source in a market this large.
The downside is cushioned by relentless share gains against Intel (INTC) in servers, and the upside is direct exposure to the AI accelerator boom. Dual engines, one stock. The catch: at nearly 120x last year’s earnings and over 20x sales, a lot of story is already in the price.